COLUMBUS, Ohio, Aug. 31, 2020 /PRNewswire/ -- Alliance Data
Systems Corporation (NYSE: ADS), a leading global provider of
data-driven marketing, loyalty and payment solutions, today
announced its Card Services business, a premier provider of
branded private label, co-brand and commercial card programs, has
launched two new private label credit programs with Sally Beauty
Holdings, Inc. (NYSE: SBH), the largest distributor of professional
beauty supplies in the U.S., with revenues of approximately
$3.9 billion annually. Under the
terms of the multi-year agreement, Alliance Data is providing
private label card services for the company's two business units,
Sally Beauty Supply, which sells to both retail consumers and salon
professionals, and Beauty Systems Group, whose Cosmo Prof stores
sells exclusively to professional stylists and salons.
The card programs will offer enhanced benefits to cardmembers by
accelerating the earning of rewards and other exclusive benefits
that complement the existing Sally Beauty Rewards program.
Cosmo Prof customers will benefit from special savings when they
use their card and additional purchasing power that supports their
salon business.
To support Cosmo Prof's unique business model, Alliance Data is
providing its patented Frictionless Mobile CreditSM
technology giving customers the ability to apply for credit
directly from their mobile devices. With just a few entries, the
application process stays in the hands of the customer, providing
additional safety and security.
"The products and capabilities that Alliance Data provides,
coupled with its extensive experience in multi-channel credit
marketing, made them a clear choice for a branded credit partner,"
said Chris Brickman, president and
chief executive officer, Sally Beauty Holdings. "By offering a
unique credit program for both consumers and salon professionals,
we now have the right credit tools to align with the preferences of
our diverse customer base and continue our digital
transformation."
"Sally Beauty and Cosmo Prof have done a terrific job meeting
their customers where they are by delivering a seamless brand and
shopping experience across channels," said Val Greer, chief commercial officer, Alliance
Data. "We are excited to leverage our robust tools to support these
winning beauty brands in their digital journey by providing secure
card programs that help drive sales and customer engagement."
About Alliance Data
Alliance
Data® (NYSE: ADS) is a leading provider of
data-driven marketing, loyalty and payment solutions serving large,
consumer-based industries. The Company creates and deploys
customized solutions that measurably change consumer behavior while
driving business growth and profitability for some of today's most
recognizable brands. Alliance Data helps its partners create and
increase customer loyalty across multiple touch points using
traditional, digital, mobile and emerging technologies. A FORTUNE
500 and S&P MidCap 400 company headquartered in Columbus, Ohio, Alliance Data consists of
businesses that together employ over 8,500 associates at more than
50 locations worldwide.
Alliance Data's Card Services business is a provider of
market-leading private label, co-brand, and business credit card
programs. LoyaltyOne® owns and operates the AIR
MILES® Reward Program, Canada's most recognized loyalty program, and
Netherlands-based BrandLoyalty, a
global provider of tailor-made loyalty programs for
grocers. More information about Alliance Data can be found at
www.AllianceData.com.
Follow Alliance Data on Twitter, Facebook, LinkedIn, Instagram
and YouTube.
About Sally Beauty Holdings, Inc.
Sally Beauty
Holdings, Inc. (NYSE: SBH) is an international specialty retailer
and distributor of professional beauty supplies with revenues of
approximately $3.9 billion annually.
Through the Sally Beauty Supply and Beauty Systems Group
businesses, the Company sells and distributes through 5,062 stores,
including 158 franchised units, and has operations throughout
the United States, Puerto Rico, Canada, Mexico, Chile, Peru,
the United Kingdom, Ireland, Belgium, France, the
Netherlands, Spain and
Germany. Sally Beauty Supply
stores offer up to 8,000 products for hair color, hair care, skin
care, and nails through proprietary brands such as Ion®, Generic
Value Products®, Beyond the Zone® and Silk Elements® as well as
professional lines such as Wella®, Clairol®, OPI®, Conair® and Hot
Shot Tools®. Beauty Systems Group stores, branded as CosmoProf or
Armstrong McCall stores, along with its outside sales consultants,
sell up to 10,500 professionally branded products including Paul
Mitchell®, Wella®, Matrix®, Schwarzkopf®, Kenra®, Goldwell®, Joico®
and CHI®, intended for use in salons and for resale by salons to
retail consumers. For more information about Sally Beauty Holdings,
Inc., please visit sallybeautyholdings.com.
Forward Looking Statements
This release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934. Forward-looking statements give our expectations or
forecasts of future events and can generally be identified by the
use of words such as "believe," "expect," "anticipate," "estimate,"
"intend," "project," "plan," "likely," "may," "should" or other
words or phrases of similar import. Similarly, statements that
describe our business strategy, outlook, objectives, plans,
intentions or goals also are forward-looking statements. Examples
of forward-looking statements include, but are not limited to,
statements we make regarding, and the guidance we give with respect
to, our anticipated operating or financial results, completion of
strategic initiatives, future dividend declarations, and future
economic conditions, including, but not limited to, fluctuation in
currency exchange rates, market conditions and COVID-19 impacts
related to relief measures for impacted borrowers and depositors,
labor shortages due to quarantine, reduction in demand from
clients, supply chain disruption for our reward suppliers and
disruptions in the airline or travel industries.
We believe that our expectations are based on reasonable
assumptions. Forward-looking statements, however, are subject to a
number of risks and uncertainties that could cause actual results
to differ materially from the projections, anticipated results or
other expectations expressed in this release, and no assurances can
be given that our expectations will prove to have been correct.
These risks and uncertainties include, but are not limited to,
factors set forth in the Risk Factors section in our Annual Report
on Form 10-K for the most recently ended fiscal year, which may be
updated in Item 1A of, or elsewhere in, our Quarterly Reports on
Form 10-Q filed for periods subsequent to such Form 10-K. Our
forward-looking statements speak only as of the date made, and we
undertake no obligation, other than as required by applicable law,
to update or revise any forward-looking statements, whether as a
result of new information, subsequent events, anticipated or
unanticipated circumstances or otherwise.
Contacts:
Alliance Data
Tiffany
Louder – Investor
Relations
214-494-3048
tiffany.louder@alliancedata.com
Shelley Whiddon –
Media
214-494-3811
shelley.whiddon@alliancedata.com
Sally Beauty Holdings
Jeff
Harkins – Investor Relations
940-297-3877
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SOURCE Alliance Data Systems Corporation